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Retail Installment Contracts- California

Please note: Retail installment contracts are only available for businesses and their customers located in California.

A retail installment contract allows you to offer your customers the option to defer payment until the home sells. In other words, you can say, “You can pay this balance, plus an agreed-upon rate, at closing.”

When a customer chooses to defer payment, you can then sell that contract to Titus at a small discount.

Once Titus purchases the contract, Titus becomes responsible for collecting repayment at close.

We know the legal terms can feel confusing. If you have any questions, please don’t hesitate to reach out to our support team.

Frequently Asked Questions

What are the qualification criteria?
Agents must meet:

  • Credit score of 640+

  • Active real estate license in the state

  • Payment must be less than half of expected commission

  • Signed listing agreement

Home sellers must meet:

  • Credit score of 640+

  • Verified property ownership

  • Minimum 20% equity in the home

  • Signed listing agreement

Will applying impact credit scores?

  • Only a soft credit pull is performed during the application

  • No impact on credit score when applying

  • If a borrower defaults or fails to repay, delinquency may be reported to credit bureaus

What are the fees for pay at close?

  • Borrowers qualify for a risk-based flat fee ranging from 0% to 8%, based on credit

  • Example:

    • 750 credit score → qualifies for 4%

    • If $1000 is borrowed, repayment = $1000 + 4% ($40) = $1040

What type of properties can pay at close be used for?

  • Residential homes listed for sale

  • Includes:

    • Single-family homes

    • Condos

    • Townhomes

    • 1–4 unit properties

  • Cannot be used for:

    • Commercial properties

    • Rentals

    • Land

Can I use pay at close if I need to extend the staging?

  • Yes, you can reapply for more pay-at-close funds

  • Home must still be actively listed for sale

  • Must be within 6 months of first applying

When are the pay-at-close funds due?

Funds are due at the earliest of:

  • When the home sells

  • Six months from the application date

  • If the listing is canceled or withdrawn

How does payback work?

  • Once the home goes under contract, you’ll receive a notification to add closing date and contact info for escrow/title/company/attorney

  • A payoff invoice will be emailed to closing team

  • Repayment is taken from sale proceeds

What if the home doesn’t sell?

For home sellers:

  • Can repay over six additional months at 18% APR

For agents:

  • Can roll the funds to another active listing

  • Transfer fee applies

 Need help?

Contact our support team at support@gotitus.com.